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RiverNorth Flexible Municipalome Fund Goodwill-to-Asset

: 0.00 (As of Jun. 2021)
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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. RiverNorth Flexible Municipalome Fund's Goodwill for the quarter that ended in Jun. 2021 was $0.00 Mil. RiverNorth Flexible Municipalome Fund's Total Assets for the quarter that ended in Jun. 2021 was $224.65 Mil. Therefore, RiverNorth Flexible Municipalome Fund's Goodwill to Asset Ratio for the quarter that ended in Jun. 2021 was 0.00.


RiverNorth Flexible Municipalome Fund Goodwill-to-Asset Historical Data

The historical data trend for RiverNorth Flexible Municipalome Fund's Goodwill-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RiverNorth Flexible Municipalome Fund Annual Data
Trend Jun20 Jun21
Goodwill-to-Asset
- -

RiverNorth Flexible Municipalome Fund Semi-Annual Data
Jun20 Dec20 Jun21
Goodwill-to-Asset - - -

Competitive Comparison

For the Asset Management subindustry, RiverNorth Flexible Municipalome Fund's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

RiverNorth Flexible Municipalome Fund Goodwill-to-Asset Distribution

For the Asset Management industry and Financial Services sector, RiverNorth Flexible Municipalome Fund's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where RiverNorth Flexible Municipalome Fund's Goodwill-to-Asset falls into.



RiverNorth Flexible Municipalome Fund Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

RiverNorth Flexible Municipalome Fund's Goodwill to Asset Ratio for the fiscal year that ended in Jun. 2021 is calculated as

Goodwill to Asset (A: Jun. 2021 )=Goodwill/Total Assets
=0/224.646
=0.00

RiverNorth Flexible Municipalome Fund's Goodwill to Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

Goodwill to Asset (Q: Jun. 2021 )=Goodwill/Total Assets
=0/224.646
=0.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


RiverNorth Flexible Municipalome Fund  (NYSE:RFM) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


RiverNorth Flexible Municipalome Fund Goodwill-to-Asset Related Terms

Thank you for viewing the detailed overview of RiverNorth Flexible Municipalome Fund's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


RiverNorth Flexible Municipalome Fund Business Description

RiverNorth Flexible Municipalome Fund logo
Industry
Financial Services » Asset Management NAICS : 523991 SIC : 6733
Comparable Companies
Traded in Other Exchanges
N/A
Address
325 North LaSalle Street, Suite 645, Chicago, IL, USA, 60654
RiverNorth Flexible Municipal Income Fund Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
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